Launching your own firm at the onset of a global pandemic is not for the faint of heart, but that is exactly what Heather Fernstrom Border and Jennifer Stevens did in April 2020.
The university surveyed 100 investment partners, with 91 responding, and found that 18 are substantially diverse, meaning firms ranging between 25% and 50% diverse-owned, which is down from 28 in the 2020 report.
Commonfund has broadened its definition of diverse managers beyond ownership to also include members of the investment team as well as those receiving a share of the firm’s profits effective July 1.
Community foundations are increasingly hiring or considering hiring diverse managers for their portfolios, according to a recent survey.
Dartmouth College has surveyed its approximately $8.5 billion endowment’s investment managers on the diversity characteristics of their organizations as part of its commitment to improving the diversity of the investment management industry, according to its inaugural investment manager diversity report.
Interest in impact investing among U.S. museums is severely lagging compared to their higher education and foundation peers, however, a recent study finds there is room for improvement if more museums can get board and committee members to drive conversations on the impact investment space.
The university began a diversity survey nearly 2 years ago but won’t release results.
The New Venture Fund has tapped Westfuller Advisors and Bivium Capital Partners as joint outsourced cio service providers.
More than two-thirds of the wealthiest 25 private and 25 public college and university endowments, representing $587 billion in total assets, refused to participate in an assessment of the representation of women- and racial or ethnic minority-owned investment firms overseeing their endowments, according to new research.
Robert Manilla has served as v.p. and cio at the Kresge Foundation for the past 17 years, developing and implementing its investment strategy and managing its endowment, which has grown to $4.5 billion, while helping create its investment office.
